Continental AG Reports Earnings Results for the Full Year of 2016; Provides Earnings Guidance for the Year 2017

Continental AG reported earnings results for the full year of 2016. For the period, the company reported an increase of sales of 3% year-on-year to around EUR 40.5 billion and an adjusted EBIT margin of around 10.7%.

For 2017, the company is anticipating an increase in sales of over 6% to more than EUR 43 billion. The target is to comfortably achieve an adjusted EBIT margin of more than 10.5%.